The European Stability Mechanism issued a detailed statement , explaining its future strategy concerning a possible debt relief for Greece. The statement sets the time for the first payment of the tranche to Greece on the second half of June while stressing that before that Greece will have to fully implement all the prior actions
It should be noted that before the tranceh is transferred to Greece, all members countries as well as the board of the ESM will have to agree and accept the updated bailout deal betwen Greece and its creditors.
Read the full ESM statement on the Greek debtH ανακοίνωση του ESM για το ελληνικό χρέος by Iosif Victoratos